Professional Documents
Culture Documents
I. Background/Rationale……………………………….………………………………………………….…..1
V. Objectives…..…………………………………………………………………….........................................3
VIII. Recommendation……………………………………………………........................................5
X. References ………………………………………………………………………….…………………………….7
The Contradiction of Business
I. Background/Rationale:
First State Financial Services was the third largest banking institution in the state.
It maintained an extensive branch and ATM network to service its diverse retail
customer base. Even with First State’s size, though, the business success of the bank
was extremely dependent upon the trends in the local economy.
Lucy Winters managed a branch bank office of first State Financial Services. The
office was located in a good location and had many customers. However, the bank
itself had been under severe pressure to improve profits. As a result, the staff in
Lucy’s office had been reduced by a third.
The contradiction of this business was that, as things stood now, Lucy had more
customer than she was capable of handling.
Lucy Winters
How will Lucy reconfigure the service so that they can attend to all their
customers and improve the productivity of the branch?
Advantage:
It is easy to acquire suitable employees for the job.
Disadvantage:
Hiring more staff will increase expenses.
2. She can request additional staff from her management and acquiring
training for her and her staff.
Advantage:
It is easier to request for staff from the management.
She can also request staff from another branch.
The additional expense for the branch will be lower than hiring new
employees.
This will improve the productivity of their branch.
Disadvantage:
Even with lower additional expense, there is still a fact of additional
expense which is reduced by the management.
Conflict of goals with the management.
Advantage:
Easiest way to make transactions
Fewer customers that will go to their branch that needs to deposit
their payroll, and make payments.
This will balance the amount of staff and the amount of customers
they can attend.
Disadvantage:
Additional expenses.
VIII. Recommendation:
Since Lucy is the branch manager, Lucy is responsible for making actions
regarding on solving their problem. Lucy had to make these actions to help solve the
problem:
First, Lucy can request additional staff from her management, she can also
ask for full-time workers, suggest another option such as part-time positions, or
sharing staff with another branch.
Next, since the cause of poor productivity problem is that customers are
using tellers for transactions that could be completed through other, more efficient
channels. Lucy could recommend a marketing strategy to contact employers for the
purpose of establishing direct payroll deposit. She could also work with Marketing
to create in-branch promotional campaigns to increase ATM usage. She could also
make a marketing strategy that promotes online payment using smartphone
application.
Third, she needs to work with her staff to find ways to improve service. Lucy
also needs to make a productivity improvement program that will train them in
quality and productivity improvement. But first, she needs to explain the program to
her staff and indicate that this is one way they can improve their situation. After
explaining, they should obtain the training while Lucy must develop the practice of
providing performance reports to the staff. She must use regular meetings instead of
just the mandatory meeting to identify problems and brainstorm solutions.
Lastly, after having the action done, it is important that it should be followed
through. This will involve on the part of both Lucy and her staff.
X. Reference
Mahesh, S. (n.d.). 50 Case Studies for Management and Supervisory Training. Retrieved
December 16, 2020, from
https://www.academia.edu/33680770/50_Case_Studies_for_Management_and_Super
visory_Training